India Nifty@27th May 2016--Kissing the important resistance 8160

As per previous short term analysis...I guessed it again that we have running triangle...w hich will explode on upside-our conservative target of 8160 is reached.
Let us be careful as this whole leg which started at 7717 can be retraced deep so be ready for the show.
Going below 8125 & 8114 ....Bulls ...Please pack your bags..& go home & relax...its our turn ...I am a bear so be careful.

Comment:
Short Trades to be executed only below 8114....else we are having little bit more on upside

6 months ago

Comment:
The way index is holding above 8114....don't surprised ....guys who have put stop loss above channel resistance all will be taken & bulls will continue little upside...making new high above 8162

Comment:
Intraday Long Targets should be between 8210--8215....one should book atleast 70-75% of their longs & do not create any fresh longs...we can expect 20--30 points above 8220 but be careful as indicators are slowing down...so leverage less.

6 months ago

Comment:
Index should not go below 8125 for current intraday longs

6 months ago

Comment:
Keep very low long positions

6 months ago

Comment:
There could be thrust downside ....keep in mind 8125 is very crucial & important...Intraday break also --bulls should be careful ...exit all long trades...Incase thrust comes downside & fails to go below 8125--one can add long with that crucial support.

Related Ideas

Hi Praveen ...some time ago you had a question that how I get some levels like 8090...etc...taking this live example...where we had running triangle our e- leg is 8125 so that is why it very important ruin point for bulls...any move below 8125 & a-leg low@8114--which comes dynamic ...will give tight slap to bulls..Regards